The Central Bank of Nigeria’s first interest rate decision since Godwin Emefiele’s removal as governor will be a litmus test of its inflation-fighting mettle and independence after President Bola Tinubu said borrowing costs should be lowered.
“The investment community will be looking closely to assess any changes in the credibility of the institution” and for more clarifications on the CBN’s plans for improving liquidity in the foreign-exchange market, said Ayodeji Dawodu, a director at BancTrust & Co.
Read More : Nigeria’s Rate Decision Puts Central Bank Autonomy to the Test